A one dimensional theoretical model has been used to analyze the steady state and stability performance of single-phase, two-phase and supercritical natural circulation in a uniform diameter rectangular loop. Parametric influences of diameter, inlet temperature and system pressure on the steady state and stability performance has been studied. In the single-phase liquid filled region, the flow rate is found to increase monotonically with power. On the other hand the flow rate in two-phase NCS is found to initially increase, reach a peak and then decrease with power. For the supercritical region also, the steady state behaviour is found to be similar to that of two-phase region However, if the heater inlet temperature is beyond the pseudo critical value, then the performance is similar to single-phase loops. Also, the supercritical natural circulation flow rate decreases drastically during this condition. With increase in loop diameter, the flow rate is found to enhance for all the three regions of operation. Pressure has a significant influence on flow rate in two-phase region marginal effect in supercritical region and practically no effect in the single-phase region. With increase in loop diameter, operation in the single-phase and supercritical regions is found to destabilize whereas the two-phase loops are found to stabilize Again, pressure has a significant influence on stability in the two-phase region