Finally, I did it. I jailbreaked by PlayStation 4 Console. I was at the latest PS4 Firmware of 7 series. After wasting hours and hours I find a site called "PSX Exploits".
In order to Jailbreak your PS4 just go to PS4 Jailbreak.
By following the provided link above, You'll reach to an article where you will get all the details and instructions to jailbreak your PS4.
It will look like this!!!
PS4 PIC.jpg
Now, fortunately, I am able to play Premium games for free. It is really a great experience.

If you have found an alternative way, then share below. Hoping for good replies as soon as possible.