Open a new file, that would have 450x470 px and 300dpi.



Take the next instrument and try to represent a circle like that one indicated next picture.



Blending Options-Drop Shadow



Blending Options-Inner Glow



Gradient?s

parameters.



Copy this new made layer and apply Free Transform option to minimize it. Fill 0% on the layers and make everything look like it is demonstrated below. Keep the same parameters also.



Blending Options-Gradient Overlay