Hi Afzal,
Looking at your scenario, it seems that you are only interested in monitoring the HTTP errors for your application.
Under Frontends->Apps->ApplicationName:Errors Per Interval is the location where you can see metric changing once you have any exception or error occuring in your application ( on frontends ).
But the problem is, this will be including your IOException, SQLexceptions, JSP Exceptions etc apart from the HTTP or SSL errors. So whenever any of these errors or exceptions occurs, value of "Errors Per Interval" metric increases by that value. So you will not be able to pin point whether it is HTTP error or some other exception.
What can be done is, you can restrict wily to catch all exceptions or errors if occuring using "errors.pbd" file. This config file tells agent what errors it will be capturing and reporting it to you. So you can enable only "HTTP Error Codes" section and disable the other. ( by default every error codes are enabled ). Also I am supposing that you have fair knowledge of tracers and PBD's.
Once done, metric "Errors Per Interval" will only report about the HTTP error codes if occurring. Post which, you can set alert mail on top of it.
Hope I clarified what you are looking for.
Regards,
Vaibhav