No, move the nocking point up, 1/16" at a time. Continue to shoot 3 arrows at 5 to 10 yards into a target without grain. Shoot level if possible, rather than one below your waist.
If the nock is low, the arrow will be nock low, move the nock up in the direction you want the nock to go.
When the nock is in line with the arrow at full draw, then work on left or right nocks. Following the same procedure for left or right nocks, move the rest out if your nocks are right, move the rest by adding or subtracting thickness if you have a fixed rest.