How to overcome Sharepoint Server 2010 installation at step 3 during Sharepoint Configuration

I keep getting stuck during SharePoint Configuration after installation of sharepoint server 2010. I configure it with sql server machine name as (local) and I get loop back error and so my Sharepoint Server 2010 installation fails. Any help?
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rajivkapoorONidealsdotcodotinAuthor Commented:
Look at point 7. in this post
Try to use the computer name or SQL instance name(computername\sharepoint) as SQL server.
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