Hi Everyone. I've been looking for morrowind Graphics and textures mods but haven't been able to find any good ones. Any suggestions?

Have a look at the http://www.gamesas.com/topic/1319942-relz-morrowind-overhaul-sounds-graphics-20/. Either that, or check out http://www.somethingfornobody.com/2011/morrowind-modding-guide/. Both of these deal heavily with graphics. The overhaul is compilation of many graphics (with permissions) while Knot's guide is the old fashioned way of choosing and installing manually.

I don't know where you've been looking, but http://planetelderscrolls.gamespy.com/View.php?view=Mods.List is the main mod site for Morrowind, and there is a huge selection of textures in the Model and Textures section.

You have many great mods there, and many options. Which are worth using depends on your taste.
And if you don't feel like making the decisions, then try the Overhaul mentioned above.