I have just bought a 4 ch Heli. LIEBAO Model 8018. I picked this up at Malaysia for 200 RM. Can i get flying tips in flying the  heli

shouldnt this thread be in heli's section?

Thread moved into heli section

Is it this one ? http://cgi.ebay.com.au/AirWolf-LIE-BAO-4Channel-RC-Helicopter-NEW-Bonus-Blade-/400125394831

If it is, then not much to worry about, except to ensure both batteries (in the transmitter and heli) are fully charged, and fly in a fairly open area (even if it is indoors).  Being close to objects induces nervousness, which is avoidable with planning.

For the first lift off, slowly increase throttle, and slightly move the aileron (left/right) and elevator (forward/backward) controls to get a feel for the response of the heli.  Remember that the key is to apply controls very slightly.

And a warm welcome to RC (India) !