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Anotonyms for salutation (meaning greeting) would be dismissal or farewell. Antonyms for salutation (meaning praise) are disapproval, demerit, calumny, condemnation, or criticism. We say hello with a salutation; we say goodbye with a valediction. This is also the term for the polite closing in a letter.
late 14c., from Old French salutacion greeting, from Latin salutationem (nominative salutatio) a greeting, saluting, noun of action from past participle stem of salutare to greet (see salute (v.)). As a word of greeting (elliptical for I offer salutation) it is recorded from 1530s. Related: Salutations.