Is that any thing can Monitor the Domain name status ? once the status change will alert to the user ?
Yup! This can be done! Godaddy offers them for $5.99/yr for 100 domains. But, if backorder a domain with them, they give you this free of cost - https://www.godaddy.com/gdshop/Domain_Alert/landing.asp?ci=9001
iMonetize.com provides this service free for your portfolio once you enter it into their system. It's a parking company so you should be parking names, but it's an added bonus.