This must be a very noob question, but via googling I am getting different answers.
I just want that via layer panel when I click on any layer, there must be selection outline between all the layers, that which layer is selected.
I have used Adobe fireworks somewhat, and in it I can easily see the selected layer via just clicking on it.
On Windows Photoshop cs5.
View->Show->Layer Edges
When you select a layer it will now show the edges in blue. You can select multiple layers to see multiple outlines.
Also slightly off topic but if you want to click directly on the canvas to select an item similar to how Fireworks does. You can select the move tool and click the "Auto-Select" option at the top of the screen. Change the dropdown to "Layer" instead of "Group" if you want to select individual layers.