A study to determine the influence of soil water status on the physiology of rice plant Oryza sativa var. MR220 after panicle initiation stage was carried out at Ladang Merdeka Mulong Lating in the Kemubu Agricultural Development Authority (KADA) area, Kelantan. Five water management treatments imposed on direct seeded rice were; T1. Continuous flooding, T2. Early flooding up to panicle initiation stage followed by saturated (F55-saturated), T3. Early flooding for the first month followed by saturated (F-30 saturated), T4. Continuous saturated, and T5. Continuous field capacity condition throughout the growth stage. The treatments were arranged in Randomized Complete Block Design (RCBD) with four replicates. In-situ stomatal conductance measurement was carried out at 68 DAS (days after seeding) and the elemental analysis of soil and plant samples was carried out using the Instrumental Neutron Activation Analysis (INAA). Results from this study showed significant differences between treatments for soil moisture content and plant moisture content, but no significance different in leaf stomatal conductance. Rice plant moisture, soil moisture and leaf stomatal conductance showed no interaction. Early flooding up to panicle initiation stage followed by saturated (T2: F55-saturated) resulted in higher plant moisture content. Soil plant transfer coefficient was highest in continuous saturated (T4) for nitrogen, early flooding for the first month followed by saturated (T3: F-30 saturated) for potassium, continuous field capacity condition throughout the growth stage (T5) for magnesium, and continuous flooding (T1) for sodium.