Thank you peter for the link and rob for your comments.
I essentially want to achieve alignment for photography but I know its not gonna happen overnight. So I have gathered all my patience for this one.
The thing is there are so many different ways of achieving it and I'm confused.
But to start off, I may follow this to just see how it works out -
http://www.geologynet.com/astronomy/polar.htm.
Also when its written to point the mount to true south, is it referring to moving the North Label on one of the tripod legs towards true south ?
The software alignment takes care of the visual alignment.
Have I understood this correctly ?