Hi Sanjeet,
Happy to see that you found the way.
As a suggestion, on top of it, you can also set subject line with the status of the alert i.e. whether CAUTION, CLOSED or DANGER.
To do that, you need to convert the %alert status% parameter into literal, because its value is in numbers.
So for e.g. if alert is in danger, value of alert status parameter would be 3. So you need to convert it into some string say "DANGER" using IF commands.
%alert Status% = 3 --> DANGER
= 2 --> CAUTION
= 1 --> CLOSED
Let me know if needs more clarification.
Regards,
Vaibhav