Soumya, thanks for your reply. I will post in details with pics this weekend. My tank is on 19th day of cycling. I will check and post the current NH3, NO2, NO3 and Ph readings. I don't have a PO4 kit right now, hope to get one soon.
I have googled some threads, there are lots of tanks that don't use skimmers, still they are working quite efficiently. Regarding Nitrates, I am using Marine Pure block so it might come handy, lets see, for phosphates, I will be using phosguard in my sump, lets see how it works, else, inside a couple of months, I might add skimmer if budget permits.
Also, I plan to have a refugium, that should take care of NO3 and PO4 a bit with algae growth, I am cleaning the rocks weekly so that most of the debris are out and lots of PO4 is leeching out already. I will do that 3 days more before setting up the scape. I am using tap water right now but once cycling completes, I wish to do 100% water change with mineral water, that should take care of NO3, PO4 for some time I hope.