In the current scenario interest rate are falling and fluctuations in the share market has put investors in confusion. Investors finds difficult to take decision on investment. The main objective of the study is to study on risk and return analysis of selected stocks in NSE NIFTY and to find the relation between market index and individual stock index and to study about the technical concepts those have a high importance in the market and to manipulate the investments by using the technical tools involved in the market. The conclusion is that the study does not suggest the universal best or worst stocks for investment, because ratings of the stocks must be based on the type of investment and the type of investor. An investor who is ready to bear high risk but expect high return will go such stocks where risk and returns are high. Whereas an investor with less risk bearing capacity will go for those stocks where the risk and return are low. Among all the bank shares taken for the study it is preferred to invest with Indian Overseas Bank as the risk is low and the return is high with the concerned bank for the last five years