Palace boss Dougie Freedman was pleased with the point, saying: "I felt that we defended very well but did not quite have the guile to open them up, so I was delighted with the point.
"They are a very good team and while we did not manage to create too many chances, I am happy with the way we defended.
"Reading are a very good side. They almost got into the Premier League last season. They have lost a few players but they are still a good team.
"We showed our battling qualities, we just never managed to open them up, but we kept another clean sheet.
"I have seen our penalty decision [when Jonathan Parr collided with Adam Federici] and I think it is a good call from the referee.
"The goalkeeper has pushed the ball on to Jonathan's foot. It was by a split second, so it was a good call."
Freedman was also delighted to see his side draw Manchester United in the Carling Cup quarter final.
He added: "I am pleased. It is good for the fans to be going up to Old Trafford. It has been a long time since we last visited a Premier League ground.
"I am happy. It is a good draw for us and we will try to press ourselves on Manchester United."