Monodispersed CdSe nanoparticles with sufficient luminescence intensity have been prepared by chemical method in solution phase, and in two forms: CdSe as a core covered by Olic acide as an organic capping agent, while the second form is CdSe as a core covered by a layer of CdS (CdSe/CdS core shell). The nanodots size obtained directly from high resolution transmission electron microscopy (TEM) and absorption peaks using Paul Mulvaneys formula are in good agreement. The optical properties and the luminescence intensity as a function of CdSe concentration and the type of solvent have been investigated. The intensity of photoluminescence peak decreases and the peak shifts toward the blue energy side as the concentration reduced