Hi Ruhshan,

there is an ocean of literature.

To begin with, I suggest you the following book by Pierre Baldi and Soren Brunak,

"Bioinformatics: the Machine Learning Approach", Second Edition, Publisher: MIT Press, 2001

in order to get an idea of how machine learning techniques are applied to a plethora of fields in computational biology and bioinformatics.

Cheers,

Antonino

Take a look at following links

cseweb.ucsd.edu/~eeskin/projects.html 

www.springer.com/?SGWID=5-102-45-139696-p35028635

Protein folding prediction is a hot field of research.

http://predictioncenter.org/