I worshipped binlor and got lots and lots of layers of stoneskin as well as stone form and fist. Later i switched to dracul, got one level of life steal and after a couple of fights i got blood shield and a tower shield. After a some more fights i realized that my physical resistances were at 0%. Stoneskin still gave the regular +10%. I did not fight any lower resistances enemies (magma mines) and my magic resistances stayed at 20%.
No physical resistances except stoneskin.