A control rod drive mechanism (CRDM) is an electromechanical equipment that provides linear movement for the control rods to control the nuclear reactivity in a nuclear reactor. A rod position indication system (RPIS) detects the control rod’s position. To enhance the measurement accuracy of the system, a magnetostrictive type sensor with capability of generating operation limiting signals would be adapted instead of a conventional RPIS for a CRDM. An RPIS was modelled for a numerical analysis with the permanent magnets at the stationary limit positions and magnetic shielding plates with a moving permanent magnet. The performance analysis of the RPIS were conducted, and the results were discussed here.