The background indicators such as market breadth and volume show that there is no genuine buying emerging at lower levels. Nifty put call ratio dipping below 1 signifies that shorts are getting covered at every fall.

This is preventing a sustained rally backed by short covering.
The above is from http://www.blonnet.com)
aka www.thehindubusinessline.com

There is a chance that the sensex may fall to 11000.At that time the following stocks can be picked;-
1.Jain Irrigation
2.Ranbaxy
3.Aurobindo Pharma
4.Glaxo Smithkline Pharma
5.Nicholas Piramal 6.Ambika Cotton
7.Alok idustries
8.Marico
9.HLL
10 Britannia
11 VST Industries
12 Ruchi Soya
13.Monsanto
14.Uttam (Galva)Steel
15.MTNL
16,GNFC