Most guys use self nocks on those. You can insert a small dowel into the end and glue it in place to make a solid nock, or leave the hole, it doesn't really matter. Bind just below the nock to keep it from splitting, though, or make the nock just above a node for strength.
As far as points go, you can use anything from flint to screw in points for carbon arrows. Personally, I taper the point end and use glue on field points, since the impact from hitting the target may damage the shaft if you use the screw in points.