java - how to configure my android emulator after upgrade sdk in appcelerator studio?

I am using java version "1.7.0_80"
Java(TM) SE
Runtime Environment (build 1.7.0_80-b15)
Java HotSpot(TM) 64-Bit Server VM
(build 24.80-b11, mixed mode)

After upgrade with
latest titanium sdk as 5.3.0.GA and android sdk, I am unable to rub emulator and it
gives me error log as below
mentioned

[INFO] : Running dexer:
            /Library/Java/JavaVirtualMachines/jdk1.7.0_80.jdk/Contents/Home/bin/java "-Xmx512M"
            "-XX:-UseGCOverheadLimit"
            "-Djava.ext.dirs=/Users/Ashishgajjar/Library/android-sdk/platform-tools" "-jar"
            "/Users/Ashishgajjar/Library/android-sdk/build-tools/24.0.0/lib/dx.jar" "--dex"
            "--output=/Users/Ashishgajjar/Documents/Appcelerator_Studio_Workspace/eswsdvr1/build/android/bin/classes.dex"
            "/Users/Ashishgajjar/Documents/Appcelerator_Studio_Workspace/eswsdvr1/build/android/bin/classes"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/lib/titanium-verify.jar"
            "/Library/Application Support/Titanium/modules/android/ti.paint/2.0/paint.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/kroll-v8.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-analytics.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/aps-analytics.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-android.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/jaxen-1.1.1.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/ti-commons-codec-1.3.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/kroll-common.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/titanium.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-app.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-ui.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/nineoldandroids-appc-2.4.0.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-filesystem.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-media.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-appcompat.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/android-support-v4.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/android-support-v7-appcompat.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-cardview.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/cardview-v7-23.0.1.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-locale.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-network.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-xml.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-utils.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-geolocation.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-accelerometer.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-contacts.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-map.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-gesture.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-calendar.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-platform.jar"
            "/Users/Ashishgajjar/Library/Application
            Support/Titanium/mobilesdk/osx/5.3.0.GA/android/modules/titanium-database.jar"
[ERROR]
            : Failed to run dexer:
[ERROR] : 
[ERROR] : Exception in thread
            "main" java.lang.UnsupportedClassVersionError: com/android/dx/command/Main : Unsupported
            major.minor version 52.0

[ERROR] : at
            java.lang.ClassLoader.defineClass1(Native Method)
[ERROR] : at
            java.lang.ClassLoader.defineClass(ClassLoader.java:800)
[ERROR] : at
            java.security.SecureClassLoader.defineClass(SecureClassLoader.java:142)
[ERROR]
            : at java.net.URLClassLoader.defineClass(URLClassLoader.java:449)
[ERROR] : at
            java.net.URLClassLoader.access$100(URLClassLoader.java:71)
[ERROR] : at
            java.net.URLClassLoader$1.run(URLClassLoader.java:361)
[ERROR] : at
            java.net.URLClassLoader$1.run(URLClassLoader.java:355)
[ERROR] : at
            java.security.AccessController.doPrivileged(Native Method)
[ERROR] : at
            java.net.URLClassLoader.findClass(URLClassLoader.java:354)
[ERROR] : at
            java.lang.ClassLoader.loadClass(ClassLoader.java:425)

[ERROR] : at
            sun.misc.Launcher$AppClassLoader.loadClass(Launcher.java:308)
[ERROR] : at
            java.lang.ClassLoader.loadClass(ClassLoader.java:358)
[ERROR] : at
            sun.launcher.LauncherHelper.checkAndLoadMain(LauncherHelper.java:482)

Please
provide your guidance to fix out above issue
Thanks