I am filtering sharepoint list using query string for some reson i need to check condition like FieldValue!=Red is that possible to achive?
Or still its limitation?<
You can't AFAIK.
The workaround MAY be to create a calculated column and then filter on that.
E.g. create a column called "Not-Red" with formula
=IF([YOUR_COLUMN_NAME]="Red","False","True")
Then filter
?FilterField1=Not-Red&FilterValue2=True