Step 1:Edit Application.xml present in C:\Program Files (x86)\Wowza Media Systems\Wowza Media Server 3.6.3\conf[Application folder] and follow the steps
->under tag,change to rtp-live/live from default for live streaming.
->changecupertinostreamingpacketizer,smoothstreamingpacketizer,sanjosestreamingpacketizer<\LiveStreamPacketizer>
Step2:create Wowza Media Server Project in wowza IDE,extend IMediaStreamNameAliasProvider2 interface by sampleClass,Override resolveplayalias and streamalias methods,build the project and paste sampleclass.jar in C:\Program Files (x86)\Wowza Media Systems\Wowza Media Server 3.6.3\lib location.
Step3:Add the following module last in the list in /conf/[applicaion folder]/Application.xml:
sampleclass
ModuleStreamNameAlias
com.wowza.wms.example.module.sampleclass
Step4:Publish stream using Stream Manager/startupstreams.xml.
Step:Use the below mentioned URL for playback at client side
rtsp://[wowza-ip address]:1935/[app-name]/channel1 or use any strings for stream name instead of .stream file name.