MAGNETIC LEVITATION

Magnetic levitation, maglev, or magnetic suspension is a method by which an object is suspended with no support other than magnetic fields. Magnetic force is used to counteract the effects of the gravitational acceleration and any other accelerations. 

Is Magnetic Levitation Possible?

A theorem due to Earnshaw proves that it is not possible to achieve static levitation using any combination of fixed magnets and electric charges.  Static levitation means stable suspension of an object against gravity.  There are, however, a few ways to levitate by getting around the assumptions of the theorem.  In case you are wondering, none of these can be used to generate anti-gravity or to fly a craft without wings or jets.

What is magnetic levitation? How does it work?
Magnetic levitation is the use of magnetic fields to levitate a (usually) metallic object. Manipulating magnetic fields and controlling their forces can levitate an object.
In this process an object is suspended above another with no other support but magnetic fields.
The electromagnetic force is used to counteract the effects of gravitation. But it has also been proved that it is not possible to levitate using static, macroscopic, `classical' electromagnetic fields.
The forces acting on an object in any combination of gravitational, electrostatic, and magnetostatic fields will make the object's position unstable.
The reason a permanent magnet suspended above another magnet is unstable is because the levitated magnet will easily overturn and the force will become attractive. If the levitated magnet is rotated, the gyroscopic forces can prevent the magnet from overturning.
Several possibilities exist to make levitation viable.
It is possible to levitate superconductors and other diamagnetic materials, which magnetise in the opposite sense to a magnetic field in which they are placed.
A superconductor is perfectly diamagnetic which means it expels a magnetic field (Meissner-Ochsenfeld effect). Other diamagnetic materials are commonplace and can also be levitated in a magnetic field if it is strong enough.Diamagnetism is a very weak form of magnetism that is only exhibited in the presence of an external magnetic field.
The induced magnetic moment is very small and in a direction opposite to that of the applied field. When placed between the poles of a strong electromagnet, diamagnetic materials are attracted towards regions where the magnetic field is weak.
Diamagnetism can be used to levitate light pieces of pyrolytic graphite or bismuth above a moderately strong permanent magnet. As water is predominantly diamagnetic, this property has been used to levitate water droplets and even live animals, such as a grasshopper and a frog.
 
OWN VIEWS:
A state of gravitation attraction pulling an object in opposite motion thus keeping the objects floating in the middle.