Is there any way to exclude the particular product from promotion?
I don't want the promotion for particular product.
Yes, you can exclude the particular product from promotion to achieve this you need to set one field 'include in promotions' to 'N' on product edit page.
Amicon Technologies Pvt.Ltd Mumbai(India)
If you don't want to exclude the product from all promotions, but instead exclude it only from a particular promotion, you can associate the product with the promotions using the "exclude" type of application. This can be done for a promo in general, or even for a particular condition or action.
Take a look at the demo promotions as there are some examples of including and excluding categories and products.