Gradle location is incorrect error while importing ActionBarsherlock in android studio-open source projects JakeWharton/ActionBarSherlock

I m also trying to import the ABS in new updated android studio. I m following this tutorial.

but on step Adding Action Bar Sherlock library to Android Studio im getting the error

Gradle Location is incorrect. here is pic.

when i go to the path C:\Users\Sir John Qadir\ there is no any gradle1.6 folder in there. so how to resolve this. please help