I try to keep an open mind about things we don't understand... however, according to current scientific determinations, no, it is not possible.
The brain is still largely a mystery, though. Who knows what kinds of discoveries will unfold about the complexity of our brains in the next 100, 50, even 10 years.
Is it possible to use magic (spells) to somehow acquire the ability to read minds? Probably not. Right now, that's fiction. But, why would one *want* to read other people's thoughts? Even if it were possible, it would only serve to hurt people. Our thoughts are private and even though we are thinking something, that doesn't necessarily mean that's what we *THINK* and how we feel about it.
All in all... probably not possible, in mainstream science or in magic, and even if it was, it wouldn't be advisable anyway.