Qualified opinion and disclaimer of opinion

i think no...reason being auditor is suppose to give opinion whether financial statement as a whole are free from material misstatement or not..so by this we can draw the conclusion that financial statement as a whole are considered not on individual item by item basis and as we are talking about whole so only one opinion is possible.

Your question needs some readings as follows:
As per Standards on auditing 320
1. An auditor can set overall materiality level, and individual materiality levels for particular transactions, disclosures, etc. ...ie. . at the assertion level.
This will helps to co-ordinate the entire findings and to draw an opinion. Now your difficulty may be removed.

Importance of SA 320:
1. if your aggregate of undetected and uncorrected misstatements exceeds the overall materiality level, it is a material misstatement.
2. now modifications to opinion as per SA 705 is required.
3. depending upon the sufficient appropriate audit evidence that it is a material misstatement and pervasiveness of material misstatements, modified your opinion as disclaimer, qualified and adverse.

Please read the standards on auditing. Above information is only a summary.

That's why only one opinion is possible.