Is the bottom around 12700? Or if the government falls next week and Oil goes to $200 I think we might see 9000... or who knows these days :)
But realistically, its a good time to look at your portfolio and keep cash ready for buying over the next few months.
It might be a good idea to buy some good MFs that are invested in a portfolio heavy with stocks you like. Its tough to decide which specific stocks to buy, so I am going the MF way, after making a few investments in some old favourites like Sesa, Aban, RIL etc.