I am tired right now, Its about 2:00 AM here. I created partitions 2 hours back with cfdisk, which succeeded. Then I took full 2 hours to select one by one the packages which I wanted to install, and at the end it asked me where to install "Lilo" and I selected the root partition, which met with an error! I pressed ESC thrice to return back to where I was, but instead it took me to password screen, but I wanted to get back, so I pressed ESC again, huh, and this time I found myself back to the main menu! and then I was terribly frustrated, lost all my patience and selected EXIT!
Now I think I'll have to resort to tag files pointed out by SlaxDude and Brian.
But this time I know which packages to select (I didn't select all of the minimum), I'll see if I can modify the tagfiles according to my needs.